Healthcare of Ontario Pension Plan Trust Fund Invests $741,000 in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 249,409 shares of the company's stock, valued at approximately $741,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.12% of Eos Energy Enterprises at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EOSE. Vanguard Group Inc. boosted its position in shares of Eos Energy Enterprises by 6.6% during the first quarter. Vanguard Group Inc. now owns 9,375,916 shares of the company's stock worth $9,657,000 after acquiring an additional 580,022 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Eos Energy Enterprises by 5,744.5% during the 2nd quarter. Millennium Management LLC now owns 3,164,017 shares of the company's stock valued at $4,018,000 after purchasing an additional 3,109,880 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Eos Energy Enterprises by 30.2% in the second quarter. NewEdge Advisors LLC now owns 2,588,823 shares of the company's stock worth $3,288,000 after purchasing an additional 600,143 shares during the last quarter. &PARTNERS lifted its position in shares of Eos Energy Enterprises by 27.4% in the second quarter. &PARTNERS now owns 411,900 shares of the company's stock worth $523,000 after buying an additional 88,650 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in Eos Energy Enterprises by 940.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 275,765 shares of the company's stock valued at $284,000 after buying an additional 249,265 shares during the last quarter. Hedge funds and other institutional investors own 54.87% of the company's stock.

Eos Energy Enterprises Price Performance

Shares of EOSE traded up $0.04 during midday trading on Tuesday, hitting $2.93. The stock had a trading volume of 15,909,120 shares, compared to its average volume of 6,803,304. Eos Energy Enterprises, Inc. has a 1 year low of $0.61 and a 1 year high of $3.66. The stock's 50 day moving average is $2.87 and its 200 day moving average is $2.08. The firm has a market cap of $638.48 million, a PE ratio of -1.32 and a beta of 2.32.

Insiders Place Their Bets

In other news, Director Jeffrey S. Bornstein sold 30,000 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $2.62, for a total value of $78,600.00. Following the transaction, the director now directly owns 84,929 shares in the company, valued at approximately $222,513.98. This represents a 26.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.80% of the stock is owned by insiders.

Analyst Ratings Changes

EOSE has been the subject of a number of recent research reports. Roth Mkm cut their target price on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Stifel Nicolaus restated a "buy" rating and issued a $6.00 target price on shares of Eos Energy Enterprises in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $3.90.

About Eos Energy Enterprises

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.